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Portfolio (Quarterly) Guide ↗

CULLINAN ASSOCIATES INC

· CIK 0001161670
13F Portfolio $1.2B AUM 207 positions Filed May 1, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 6 New 31 Added 88 Reduced 10 Exited
Page 2 of 11  ·  207 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 LOW Lowes Companies Inc Consumer Cyclical 61,687.0 $14.6M 1.18% -5K -8.0% $236.28 -8.2%
22 Lam Research Corp 64,500.0 $13.8M 1.11% -32K -33.5% $213.66
23 TXN Texas Instruments Technology 67,117.0 $13.0M 1.05% -9K -12.0% $194.14 +63.5%
24 ORCL Oracle Corp Technology 85,809.0 $12.6M 1.02% -27K -24.2% $147.11 +29.8%
25 AXP American Express Co Financial Services 40,540.0 $12.3M 0.99% -3K -6.3% $302.48 +3.3%
26 CAT Caterpillar Industrials 16,793.0 $11.9M 0.96% -13K -44.6% $708.47 +28.4%
27 DE Deere & Company Industrials 20,804.0 $11.7M 0.95% -2K -8.9% $563.30 -6.0%
28 META Meta Platforms Inc Communication Services 19,883.0 $11.4M 0.92% -1K -5.9% $572.13 +11.0%
29 LMT Lockheed Martin Industrials 17,974.0 $10.9M 0.88% -2K -9.9% $604.41 -12.1%
30 KLAC KLA Corporation Technology 7,191.0 $10.6M 0.86% -1K -15.6% $1472.47 +32.9%
31 NVDA Nvidia Corp Technology 59,425.0 $10.4M 0.84% -23K -28.0% $174.40 +21.9%
32 COST Costco Wholesale Corp Consumer Defensive 10,048.0 $10.0M 0.81% -4K -26.8% $996.43 +0.7%
33 SO Southern Co Utilities 103,284.0 $10.0M 0.81% -26K -20.4% $96.52 -2.9%
34 UPS United Parcel Service Inc Cl B Industrials 92,789.0 $9.1M 0.74% +14K +18.5% $98.38 +6.2%
35 UBER Uber Technologies Inc Technology 126,824.0 $9.1M 0.74% +3K +2.7% $71.93 -1.7%
36 CME CME Group Financial Services 30,687.0 $9.1M 0.73% -8K -20.8% $295.35 -5.5%
37 QLYS Qualys Inc Technology 102,800.0 $9.0M 0.73% $87.85 +11.9%
38 AMGN Amgen Inc Healthcare 25,516.0 $9.0M 0.73% -6K -18.1% $351.85 -4.5%
39 HD Home Depot Consumer Cyclical 27,278.0 $9.0M 0.73% -3K -9.1% $328.89 -3.4%
40 NYT New York Times Company Communication Services 102,672.0 $8.6M 0.69% -43K -29.3% $83.73 -10.7%
Page 2 of 11  ·  207 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Technology 25.9%
Financial Services 17.1%
Consumer Defensive 14.8%
Healthcare 11.0%
Communication Services 7.9%
Industrials 7.9%
Consumer Cyclical 7.3%
Energy 5.6%
Utilities 1.6%
Basic Materials 0.7%